NEW YORK (AP) – Drugmaker Bristol-Myers Squibb Co. raised its quarterly dividend to 34 cents from 33 cents.

The 3-percent increase applies to the company’s next dividend, which is payable Feb. 1 to shareholders of record on Jan. 6. The company also raised its dividend by a penny per share in December 2010.

Bristol-Myers said it will also pay a dividend of 50 cents on $2 convertible preferred stock. That dividend will be paid March 1 to shareholders of record on Feb. 3.

Date: December 6, 2011
Source: Associated Press